Hmmm, Manchester United have recorded an increase in debt to €514.9 million in their latest financial results.
The 20-time Premier League champions' overall debt rose by €32.1m from
the previous three-month figures, with the exchange rate between the US
Dollar and Pound Sterling contributing in part.
Overall revenue
is down to €143m (14 per cent) from 12 months ago, largely due to the
reduced broadcast revenue as a result of the club's absence from
Champions League football and an early exit in the League Cup.
However, the club's wage bill is down by €3.9m (5.6%) despite the
British-record arrival of Angel Di Maria and Radamel Falcao on loan
commanding big salaries, with the likes of Rio Ferdinand, Nemanja Vidic
and Patrice Evra all leaving in the summer.
United's chief
executive Ed Woodward is upbeat despite the reduction in income, citing
the newly-agreed Premier League television rights deal which is set to
start from 2016.
"The recently announced Premier League
broadcasting rights package for 2017-19, representing an increase of
just over 70%, once again demonstrates that we are part of the top
football league in the world," Woodward said in a statement.
"Notwithstanding no European football this season, our Revenues and
EBITDA remain strong and demonstrate the underlying strength of our
business model, with commercial revenues up year over year.
"On
the pitch, the team is well positioned to challenge for a top-four
finish in the Premier League and we look forward to the rest of the
season."
No comments:
Post a Comment